As Instagram Remains Blocked in Türkiye, Erdogan Accuses Social Media Companies of ‘Digital Fascism’

A woman holds a phone showing the Instagram logo, in Istanbul, Türkiye, 03 August 2024. (EPA)
A woman holds a phone showing the Instagram logo, in Istanbul, Türkiye, 03 August 2024. (EPA)
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As Instagram Remains Blocked in Türkiye, Erdogan Accuses Social Media Companies of ‘Digital Fascism’

A woman holds a phone showing the Instagram logo, in Istanbul, Türkiye, 03 August 2024. (EPA)
A woman holds a phone showing the Instagram logo, in Istanbul, Türkiye, 03 August 2024. (EPA)

Turkish President Recep Tayyip Erdogan accused social media platforms of “digital fascism” on Monday for allegedly censoring photographs of Palestinian “martyrs.”

The Turkish leader’s comments came as Turkish officials were engaged in discussions with representatives of the social media platform, Instagram, to reinstate access to millions of its users in Türkiye.

The Information and Communication Technologies Authority barred access to Instagram on Aug.2 without providing a reason. Government officials said the ban was imposed because Instagram failed to abide by Turkish regulations.

Several media reports said however, that the action was in response to Instagram removing posts by Turkish users that expressed condolences over the killing of Hamas political leader Ismail Haniyeh. It was the latest instance of a clampdown on websites in the country which has a track record of censoring social media and other online platforms.

“They cannot even tolerate photographs of Palestinian martyrs and immediately ban them,” Erdogan said at a human rights event. “We are confronted with a digital fascism that is disguised as freedom."

Unlike its Western allies, Türkiye does not consider Hamas a terror organization. A strong critic of Israel’s military actions in Gaza, Erdogan has described the group as a liberation movement

Erdogan went on to state that social media websites were allegedly allowing all kinds of propaganda by groups considered terrorists in Türkiye.

“We have tried to establish a line of dialogue through our relevant institutions. However, we have not yet been able to achieve the desired cooperation,” Erdogan said.

The transportation and infrastructure minister, Abdulkadir Uraloglu, said Turkish authorities had met with representatives of the Meta-owned company last week and were holding a fresh round of talks on Monday.

Instagram has more than 57 million users in Türkiye, a nation of 85 million people, according to the We Are Social media company.

The Electronic Commerce Operators’ Association estimates that Instagram and other social media platforms per day generate about 930 million Turkish lira ($27 million) worth of e-commerce.



Pinterest Plunges as Gloomy Forecast Dampens Revenue Rebound Hopes

Image sharing company Pinterest Inc beat Wall Street estimates for second-quarter revenue. (AFP)
Image sharing company Pinterest Inc beat Wall Street estimates for second-quarter revenue. (AFP)
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Pinterest Plunges as Gloomy Forecast Dampens Revenue Rebound Hopes

Image sharing company Pinterest Inc beat Wall Street estimates for second-quarter revenue. (AFP)
Image sharing company Pinterest Inc beat Wall Street estimates for second-quarter revenue. (AFP)

Pinterest shares tumbled more than 12% premarket on Wednesday after a muted third-quarter outlook dashed Wall Street's expectations for a stabilization in its revenues amid a rebound in the digital ad market.

The photo-sharing platform on Tuesday projected current-quarter revenue below analysts' estimates, as it struggles to keep up with the competition from bigger rivals including Meta's Instagram and Facebook and Alphabet .

The digital advertising market is bouncing back from a slump seen in 2022 and early 2023, but pockets of weakness remain and are eating into business at Pinterest, Reuters reported.

San Francisco, California-based Pinterest flagged material weakness in demand from advertisers in the consumer goods space, particularly food and beverage companies, which offset strength in ad spend in the technology and financial services sectors.

"The optics of a lighter (third quarter) guide will not help recently growing ad fears, and some will be concerned that food & beverage pressure — which has been isolated — could spread to other verticals with a potentially softer consumer," J.P. Morgan analyst Doug Anmuth said in a note.

Pinterest's outlook could also spell trouble for other smaller ad players such as SnapChat owner Snap and ad tech firm Trade Desk, analysts said, noting 18% of the gross spend at Trade Desk last year came from food and beverage firms.

Shares of Snap dipped more than 2% premarket on Wednesday, with Trade Desk down 1.5%. Pinterest is set to lose about $2.8 billion in market value, if losses hold.

Pinterest could take yet another hit from the lack of political ads on its platform, unlike Meta and Alphabet which are set to benefit from political advertising in the run-up to the U.S. elections.

"Pinterest... gets no benefit from momentum others will get starting end of August/early September," RBC analysts said, noting that could be a "few hundred" basis points of a headwind for Pinterest.

At least 11 brokerages cut their price targets on Pinterest.